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Value of 1956 Japanese Yen today

¥46,170,000,000 in 1956
¥292,810,126,159.74 in 2024

The inflation rate in Japan between 1956 and today has been 534.2%, which translates into a total increase of ¥246,640,126,159.74. This means that 46,170,000,000 yen in 1956 are equivalent to 292,810,126,159.74 yen in 2021. In other words, the purchasing power of ¥46,170,000,000 in 1956 equals ¥292,810,126,159.74 today. The average annual inflation rate between these periods has been 2.84%.

Inflation timeline in Japan (1956 - 2024)

The following chart depicts the equivalence of ¥46,170,000,000 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (JPY) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1956-2021 494.88%
Cumulative inflation 1956-today 534.2%
Avg. Annual inflation 1956-2021 2.78%
CPI 1956 17.07
CPI 2021 101.56
CPI 2022-04 (latest official data) 103.33
CPI today 108.27

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1956 and 2021, use the corresponding CPI values:

Value2021
=Value1956 ×
CPI2021/CPI1956
=¥ 46,170,000,000 ×
101.56/17.07
¥274,654,790,131.56

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 108.27:

Valuetoday
=Value1956 ×
CPItoday/CPI1956
=¥ 46,170,000,000 ×
108.27/17.07
¥292,810,126,159.74

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are ¥46,170,000,000 worth today. There are 65 years between 1956 and 2021 and the average inflation rate was 2.7813%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=¥46,170,000,000 × (1 + 0.027813)65
¥274,654,790,131.56

Japan inflation - Conversion table

Initial Value Equivalent value
¥1 yen in 1956 ¥5.95 yen in 2021
¥5 yen in 1956 ¥29.74 yen in 2021
¥10 yen in 1956 ¥59.49 yen in 2021
¥50 yen in 1956 ¥297.44 yen in 2021
¥100 yen in 1956 ¥594.88 yen in 2021
¥500 yen in 1956 ¥2,974.39 yen in 2021
¥1,000 yen in 1956 ¥5,948.77 yen in 2021
¥5,000 yen in 1956 ¥29,743.86 yen in 2021
¥10,000 yen in 1956 ¥59,487.72 yen in 2021
¥50,000 yen in 1956 ¥297,438.59 yen in 2021
¥100,000 yen in 1956 ¥594,877.17 yen in 2021
¥500,000 yen in 1956 ¥2,974,385.86 yen in 2021
¥1,000,000 yen in 1956 ¥5,948,771.72 yen in 2021
Cumulative inflation From 1956 534.2%
Avg. annual inflation From 1956 2.84%
CPI 1956 17.07
CPI today 108.27

Value of Yen over time (by year)

Period Value
1956 46,170,000,000
1957 47,600,538,207.42
1958 47,373,157,866.99
1959 47,885,818,322.93
1960 49,597,526,059.3
1961 52,260,131,456.25
1962 55,832,339,344.92
1963 59,576,975,522.18
1964 61,841,124,456.73
1965 65,957,254,893.81
1966 69,282,070,375.92
1967 72,046,304,616.75
1968 75,893,164,591.22
1969 79,877,431,738.58
1970 85,280,446,200.34
1971 90,718,022,041.17
1972 95,123,137,530.31
1973 106,158,899,564.21
1974 130,800,054,051.52
1975 146,149,173,547.09
1976 159,869,283,817.35
1977 172,901,114,229.82
1978 180,151,215,350.91
1979 186,873,619,923.15
1980 201,396,781,954.71
1981 211,331,258,355.49
1982 217,135,920,392.91
1983 221,219,842,220.87
1984 226,198,546,794.28
1985 230,810,165,171.09
1986 232,209,684,676.03
1987 232,507,945,591.18
1988 234,022,209,956.3
1989 239,390,987,559.01
1990 246,732,846,707.59
1991 254,808,905,292.69
1992 259,214,020,781.84
1993 262,471,985,145.79
1994 264,284,510,426.06
1995 264,055,074,792.36
1996 264,422,160,988.95
1997 268,919,061,548.92
1998 270,662,653,374.41
1999 269,722,086,266.88
2000 267,863,668,451.2
2001 266,005,250,635.52
2002 263,619,163,314.32
2003 262,930,829,369.87
2004 262,907,896,623.83
2005 262,150,764,441.27
2006 262,816,111,553.02
2007 262,930,829,369.87
2008 266,555,906,973.75
2009 262,999,681,694.65
2010 261,049,505,851.48
2011 260,338,239,161
2012 260,223,548,387.48
2013 261,095,371,343.56
2014 268,299,606,972.58
2015 270,433,325,914.04
2016 270,089,172,463.48
2017 271,396,879,854.27
2018 274,081,201,047.29
2019 275,366,029,778.71
2020 275,297,339,713.93
2021 274,654,790,131.56
2022-04 279,450,113,866.66
Today 292,810,126,159.74

All available years

Today's value of japanese yen by year:

1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

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